Guideline Value for Nammalwar Street / Thiruvallavur Nagar

Nammalwar Street / Thiruvallavur Nagar guideline value

The current guideline value of Nammalwar Street / Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Nammalwar Street / Thiruvallavur Nagar has changed

The guideline value for Nammalwar Street / Thiruvallavur Nagar has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value had surged to Rs 360 per sq.ft, reflecting a 38% increase from the previous revision. The 2017 revision set the value at Rs 1,507 per sq.ft, showing a remarkable 319% increase from 2007.

The most recent revision in 2024 established the guideline value at Rs 2,475 per sq.ft, which is a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 976%. The register does not contain figures for the years 2012 and 2023.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Nammalwar Street / Thiruvallavur Nagar's 2024 figure above this median.

• Nandanar Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Nallathambi Street, Nagelkeni: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Thiru Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Sholavaram Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Nammalwar Street / Thiruvallavur Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nammalwar Street / Thiruvallavur Nagar?

The Sub Registrar Office that covers Nammalwar Street / Thiruvallavur Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a crucial factor in property transactions in Pammal. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nammalwar Street / Thiruvallavur Nagar?

The current guideline value of Nammalwar Street / Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 230 per sq.ft to Rs 2,475 per sq.ft in 2024, representing a total increase of 976% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, with Nammalwar Street / Thiruvallavur Nagar's value being above this median.

What are the stamp duty rates in Pammal?

The stamp duty rate in Pammal is typically 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where can I find the Sub Registrar Office for Nammalwar Street / Thiruvallavur Nagar?

The Sub Registrar Office for Nammalwar Street / Thiruvallavur Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.